Kalshi Launches Regulated Crypto Perpetual Futures
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- Kalshi announced it will launch regulated crypto perpetual futures contracts for U.S. traders, offering a domestic alternative to offshore platforms.
- CFTC approved Kalshi’s crypto perpetual futures, making them the first such regulated products in the United States.
- Crypto perpetual market volume surged from $28 trillion in 2023 to an estimated $90 trillion in 2025, underscoring the market’s scale.
- Kalshi will charge funding rates every eight hours and display them in transaction histories, while excluding agricultural commodity perpetuals from its lineup.
- Polymarket and Kalshi are both expanding into 24/7 long‑short trading with perpetual contracts, marking a broader shift beyond traditional prediction‑market events.
Why it matters: U.S. traders gain a regulated venue for crypto perpetuals, cutting reliance on offshore platforms that handle $90 trillion in volume, while regulators see clearer oversight and firms like Kalshi capture new fee revenue.
